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SK Telecom Co (STU:KMBA) Cyclically Adjusted Book per Share : €34.19 (As of Dec. 2023)


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What is SK Telecom Co Cyclically Adjusted Book per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years.

SK Telecom Co's adjusted book value per share for the three months ended in Dec. 2023 was €20.892. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is €34.19 for the trailing ten years ended in Dec. 2023.

During the past 12 months, SK Telecom Co's average Cyclically Adjusted Book Growth Rate was 1.10% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 4.50% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 5.80% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 5.80% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Book Growth Rate using Cyclically Adjusted Book per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Book Growth Rate of SK Telecom Co was 14.50% per year. The lowest was 4.50% per year. And the median was 6.35% per year.

As of today (2024-06-09), SK Telecom Co's current stock price is €19.40. SK Telecom Co's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was €34.19. SK Telecom Co's Cyclically Adjusted PB Ratio of today is 0.57.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of SK Telecom Co was 1.20. The lowest was 0.48. And the median was 0.82.


SK Telecom Co Cyclically Adjusted Book per Share Historical Data

The historical data trend for SK Telecom Co's Cyclically Adjusted Book per Share can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

SK Telecom Co Cyclically Adjusted Book per Share Chart

SK Telecom Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 47.21 47.83 35.35 36.11 34.19

SK Telecom Co Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Cyclically Adjusted Book per Share Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 36.11 34.99 34.34 35.32 34.19

Competitive Comparison of SK Telecom Co's Cyclically Adjusted Book per Share

For the Telecom Services subindustry, SK Telecom Co's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


SK Telecom Co's Cyclically Adjusted PB Ratio Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, SK Telecom Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where SK Telecom Co's Cyclically Adjusted PB Ratio falls into.



SK Telecom Co Cyclically Adjusted Book per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years.

What is Cyclically Adjusted Book per Share? How do we calculate Cyclically Adjusted Book per Share?

Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Book per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the book value per share from 2001 through 2010.

We adjusted the 2001 book value per share data with the total inflation from 2001 through 2010 to the equivalent book value in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's book value is $1 a share in 2001, then the 2001's equivalent book value in 2010 is $1.4 a share. If Wal-Mart's book value is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 book value in 2010 is $1.35. So on and so forth, you get the equivalent book value per share of past 10 years. Then you add them together and divided the sum by the count to get Cyclically Adjusted Book per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

For example, SK Telecom Co's adjusted Book Value per Share data for the three months ended in Dec. 2023 was:

Adj_Book= Book Value per Share /CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=20.892/118.8477*118.8477
=20.892

Current CPI (Dec. 2023) = 118.8477.

SK Telecom Co Quarterly Data

Book Value per Share CPI Adj_Book
201403 22.818 99.253 27.323
201406 25.116 99.353 30.044
201409 27.067 99.608 32.295
201412 27.490 99.098 32.969
201503 30.686 99.720 36.572
201506 30.597 100.050 36.346
201509 29.349 100.110 34.842
201512 30.974 100.220 36.731
201603 29.508 100.560 34.874
201606 30.086 100.790 35.476
201609 31.996 101.460 37.479
201612 33.125 101.560 38.764
201703 33.739 102.850 38.987
201706 33.761 102.610 39.104
201709 33.275 103.490 38.213
201712 36.035 102.990 41.583
201803 38.828 104.100 44.329
201806 41.918 104.130 47.843
201809 43.365 105.650 48.782
201812 44.749 104.350 50.966
201903 44.233 104.490 50.311
201906 43.193 104.880 48.945
201909 43.987 105.200 49.693
201912 43.938 105.120 49.676
202003 42.128 105.540 47.440
202006 43.199 104.870 48.957
202009 43.187 106.200 48.330
202012 45.721 105.765 51.376
202103 45.613 107.357 50.495
202106 48.427 107.579 53.500
202109 48.894 108.759 53.429
202112 22.079 109.676 23.925
202203 21.785 111.806 23.157
202206 21.412 114.083 22.306
202209 21.183 114.831 21.924
202212 21.025 115.200 21.691
202303 20.935 116.550 21.348
202306 20.940 117.140 21.245
202309 20.801 119.111 20.755
202312 20.892 118.848 20.892

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.


SK Telecom Co  (STU:KMBA) Cyclically Adjusted Book per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Book per Share may underestimate the company's equity. Cyclically Adjusted PB Ratio can seem to be too high even the actual PB Ratio is low.

For the Cyclically Adjusted PB Ratio, the book value of the past 10 years are inflation-adjusted and averaged. The result is used for P/B calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PB Ratio is also called CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.

SK Telecom Co's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=19.40/34.19
=0.57

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of SK Telecom Co was 1.20. The lowest was 0.48. And the median was 0.82.


Be Aware

Cyclically Adjusted PB Ratio works better for cyclical companies. It gives you a better idea on the company's real book value.


SK Telecom Co Cyclically Adjusted Book per Share Related Terms

Thank you for viewing the detailed overview of SK Telecom Co's Cyclically Adjusted Book per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


SK Telecom Co (STU:KMBA) Business Description

Traded in Other Exchanges
Address
SK T-Tower, 65, Eulji-ro, Jung-gu, Seoul, KOR, 04539
SK Telecom is South Korea's largest wireless telecom operator, with 30 million mobile customers. The firm also owns SK Broadband (formerly Hanaro Telecom), which has 6.9 million broadband customers and 9.5 million pay TV customers (6.8 million IPTV and 2.7 million Cable TV). While the firm also purchased stakes in businesses in security and semiconductor memory production as well as developing e-commerce and internet platform businesses, these were all spun off into the separate, SK Square business in November 2021. The company was formed after SK Group purchased KT's mobile business in 1994.

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